Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Convertible Bonds -- Ignore unavailable to you. Want to Upgrade?

To: Rocky9 who wrote (60)	5/10/2003 2:27:52 PM
From: Rocky9	Read Replies (2) \| Respond to of 83

The price increases continue. Over the last 4 weeks almost everything is higher. The exceptions are the highest risk - ICGE and VPHM. The ICGE now has the highest YTM that it has had in a long time @ 76.45%. I still think that it is over-priced since the likelihood of payment is slim, but the company did make a small buy last quarter at .45, so there is some hope. TQNT is down a little, which I don't understand, since the common is up. The rest are up, led by CPN. I sure regret having been scared out of it at ~55, for a loss. Oh well. I still like the SFE, but have not bought more yet. I also haven't sold the remaining SEPR '05, which I keep saying that I will do if the price is a little higher. I guess that I don't know what I will do with the money. I also have been following the XMSR convert which has done spectacularly well because the common has been on fire. The 7.75% of '06 is now at 108.625, with only a 38% premium over conversion. Since I think that the common is overpriced, I won't buy the convert, but I might do an arbitrage (at least on paper for fun). ANAD - 52.125 24.14% (75.75 13.81%) [80.375 12.03%] CPN - 36.375 60.17% (72.375 24.95%) [83.125 16.28%] ICGE - 35.0 65.94% (49.50 55.32%) [40.00 76.45%] PMCS - 64.25 16.83% (86.375 8.53%) [89.50 7.44%] RFMD - 78.0 13.52% (91.50 8.00%) [92.00 7.75%] SFE - 57.75 22.6% (71.625 16.94%) [72.625 16.70%] SEPR '07 - 49 24.97% (76.375 13.02%) [80.00 11.74%] SEPR '06 - 54.375 23.93% (81.75 12.19%) [86.25 10.55%] SEPR '05 - 76.125 17.13% (92.50 10.28%) [95.375 9.04%] TERN - 60.0 17.77% (65.50 16.53%) [67.50 15.86%] TQNT - 77.125 10.70% (85.00 8.63%) [83.125 9.38%] VTSS - 72.0 19.20% (88.50 10.81%) [92.00 8.81%] Others: AFFX - 82.625 9.86% (88.75 8.23%) [92.00 8.81%] MLNM - 78.125 12.39% (85.625 10.21%) [92.375 7.93%] JNPR - 74.25 12.67% (88.50 8.25%) [92.50 7.75%] VPHM - 38.125 34.81% (49.25 28.42%) [48.50 29.36%] VRTX - 74.00 12.29% (81.625 10.27%) [82.75 9.98%]